Tax Laws Amendment (2006 Measures No. 3) Act 2006 (80 of 2006)

Schedule 6   Tax offset for Medicare levy surcharge (lump sum payments in arrears)

Income Tax (Transitional Provisions) Act 1997

8   After Part 2-15

Insert:

Part 2-20 - Tax offsets

Division 61 - Generally applicable tax offsets

Table of Subdivisions

61-L Tax offset for Medicare levy surcharge (lump sum payments in arrears)

Subdivision 61-L - Tax offset for Medicare levy surcharge (lump sum payments in arrears)

Table of Sections

61-575 Application of Subdivision 61-L of the Income Tax Assessment Act 1997

61-575 Application of Subdivision 61-L of the Income Tax Assessment Act 1997

Subdivision 61-L (Tax offset for Medicare levy surcharge (lump sum payments in arrears)) of the Income Tax Assessment Act 1997 applies to assessments for the 2005-06 income year and later income years.